The financial analyst is responsible for tracking the Cooperative’s financial performance against annual budget, analyzing business performance and market conditions to create forecasts, and helping senior management make tactical and strategic decisions by providing periodic reports. They will be expected to work collaboratively across the entire Cooperative to analyze business performance and strategy.
Promote and adhere to A&N Electric Cooperative (ANEC) safety and operating rules, procedures, and guidelines.
To assist in the design, development, preparation and maintenance of financial and economic models and perform analyses to support corporate financing and capital requirement decisions, and related financial considerations affecting corporate operations.
To provide analytical services and support.
Reports to: VP, Corporate Services
Directs: Consultants and office personnel as required
Duties and Responsibilities:
The scope and duties of this position may change or be temporarily altered based on the business needs of the Cooperative. The basic requirement of every position is to perform all tasks as assigned by the supervisor.
Assists in the preparation of the Cooperative’s annual budget.
Prepares and reviews monthly variance reports to include explanations of variances for actual to budget expenses.
Monitors budget versus actual capital expenditures, coordinates with department heads/supervisors on matters concerning such expenditures and prepares quarterly capital purchases report.
Prepares and updates long and short-term financial forecasts, to include the ten-year financial forecast. Compares projections with actual performance and analyzes variances.
Assists in preparation of applications for capital plant financing and prepares and maintains the related records pertaining to corporate loans.
Assembles information and documents required for loan application packages for financing of construction work plans and other capital items. Prepares such packages in final format for submission to potential lenders.
Prepares annual financing plans for approval and submission to the Virginia State Corporation Commission and financing summaries and reports of action relating to debt financing, as required.
Assists in preparing and reviewing financially related matters to include capital budget items, lease/buy analysis, and costing analysis.
Provides analytical support as required.
Assists with the Cooperative’s annual audit.
Assists in the preparation and evaluation of rate design documents and rates and cost of service information.
Assists in the effective implementation and continuous improvement of financial controls, annual budgets, accounting, and auditing procedures designed to monitor, report, validate, evaluate and assess the financial and business condition of the Cooperative.
Assists in monitoring data quality and proper account coding to ensure the integrity within the financial records.
Assists in the preparation and filing of FEMA claims.
Prepares and assists in filings required by agencies, such as the Virginia State Corporation and the Maryland Public Service Commission.
Identifies trends in financial performance and provides recommendations for improvement. Provides financial models and forecasting.
Attends and works as directed at the Cooperative’s Annual Meeting.
Performs any other duties as assigned by supervisor.
Establishes and maintains a variety of contacts and relationships for the purposes of coordination and communication to achieve the purposes of the position and desired results.
VP, Corporate Services: To review corporate finances and department policies and activities; inform him/her of new developments; to obtain information, guidance and interpretation of policies; to obtain necessary approval.
General Staff: To give, request, or share information to carry out responsibilities of his/her position description or aid in successful achievement of company goals and objectives.
Members: To maintain courteous and cooperative relationships which create good will.
Rural Utilities Service: To maintain an ongoing relationship with the General Field Representative and General Field Accountant in order to ensure that the Cooperative is in compliance with all RUS requirements related to utility plant financing.
Other Lending Institutes (e.g. Cooperative Finance Corporation, CoBank, etc.): To maintain ongoing working relationships with other lending institutes providing financing to the Cooperative in matters relating to corporate debt.
Virginia State Corporation Commission and Maryland Public Service Commission: To maintain working relationship in matters relating to the Cooperative.
Auditors: To maintain a relationship necessary to ensure external review of all financial records for their accuracy.
A bachelor’s degree (B.A. or B.S.) from an accredited four-year college or university or equivalent experience in Finance, Accounting or Business Administration required.
Minimum of four (4) years of related work experience in financial planning and/or analysis, accounting, budgeting or banking.
Must have a thorough knowledge of:
analytical and forecasting techniques pertaining to financial applications
conducting intensive cost-benefit analyses
General Abilities and Skills:
Must be a self-starter with the ability to work with a high degree of mathematical accuracy. Must be able to perform under pressure to meet specific deadlines and must be flexible and adaptable to change. Must possess ability to prepare and present reports, such as work plans, budgets, etc. Proficient knowledge of financial statements, and other financial and accounting relationships that may be useful for budgeting, analysis, etc. Must communicate well with others and require open communication from others. Must have high ethical standards.
Must possess the ability to compose correct, clear and concise written communications. Must have ability to communicate orally with individuals, small groups, and larger groups in a clear, effective manner. Must be able to work effectively with individuals and groups within and without the organization.
Must have basic operational skills for equipment such as printers, PCs, copiers, and fax machines. Must possess the ability to organize, plan, schedule, and coordinate with little or no supervision. Must be able to take on projects and see them through with little outside direction or help.
Intermediate to advanced computer knowledge required. Must be fluent in MS Word, Excel, PowerPoint and internet applications.
Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures, and/or governmental regulations. Ability to write reports, business correspondence and procedural manuals. Ability to effectively present information to large groups and to respond to questions from groups of managers, members and the general public. This position requires the ability to read and write English in order to prepare reports and give presentations.
It is necessary to be able to add, subtract, multiply and divide. Ability to calculate figures and amounts such as percentages, area, circumference and volume. Ability to apply concepts of basic algebra and geometry. Ability to draw and interpret bar graphs.
High degree of reasoning ability and problem-solving skills. Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The majority of the work schedule will be performed at the corporate office in Tasley VA. May require irregular working hours, especially if there is an emergency or crisis. Some overnight, out of town and out of state travel is required.